Economy

Federal Reserve hikes rates despite fallout from SVB collapse

By Zach Halaschak
Published March 22, 2023 6:00pm ET
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Federal Reserve hikes rates despite fallout from SVB collapse
Federal Reserve Chairman Jerome Powell speaks during a news conference at the Federal Reserve Board building in Washington, Wednesday, July 27, 2022. | (Manuel Balce Ceneta/AP)


The Federal Reserve announced an interest rate hike, even as fears abound over the stability of the financial system in the wake of the collapse of Silicon Valley Bank.

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Federal Reserve Interest Rates Recession Silicon Valley Bank